Motionless Market

Shares are muted, showing no significant dynamic as the US is celebrating a Thanksgiving holiday. There is also a holiday in Japan. China’s Shanghai Composite Index declined 0.2% closing at 3,422.65. South Korea’s Kospi reduced 0.1% settling at 2,538.88. Australia’s S&P/ASX 200 remained at 5,986.50. Hong Kong’s Hang Seng index lifted 0.5% ending at 30,148.75.

FOMC protocol has weighted the dollar. Members are worried that such a soft inflation won’t pick any time soon. December’s rate hike remains in store, but it’s doubtful that there would be 3 rate hikes next year.